ETH.BTC (Y21.P2.E2).Target reached
Updated
Hi investors and traders,
Looking at the initial structure and the target based on the inverted barr method, I believe ETH has reached its target and will now lose ground to BTC and head towards the 0.382 fib level.
The fact that we have 3 touches to the top and a rejection on the 4 hrly is also complementing this.
This is also scary as this could also mean that the ALTs are almost done and that BTC is going to make a deeper correction.
This also falls into line with my BTC TA I did in the past 2 days.
The fact that I did them separately and now discovering ETH has hit what I believe is the target based on this methodology is a convincing story.
I am also still bullish on the macro level but I do believe we will have a deep correction for BTC and hence a significant bounce for the BTC dominance.
I will leave it at that.
All the best,
S.SAri
Looking at the initial structure and the target based on the inverted barr method, I believe ETH has reached its target and will now lose ground to BTC and head towards the 0.382 fib level.
The fact that we have 3 touches to the top and a rejection on the 4 hrly is also complementing this.
This is also scary as this could also mean that the ALTs are almost done and that BTC is going to make a deeper correction.
This also falls into line with my BTC TA I did in the past 2 days.
The fact that I did them separately and now discovering ETH has hit what I believe is the target based on this methodology is a convincing story.
I am also still bullish on the macro level but I do believe we will have a deep correction for BTC and hence a significant bounce for the BTC dominance.
I will leave it at that.
All the best,
S.SAri
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